Piazza Affari with the wind in its sails takes advantage of the rebound of Wall Street.
Rebound session for European stock exchanges. The restart of Wall Street has once again changed the cards on the table. The Milan Stock Exchange is suddenly rediscovered bullish. And so it happens that Piazza Affari with the wind in its sails takes advantage of the rebound of Wall Street. But a swallow does not make spring. Here is what happened today on the financial markets, thanks to the analysis of the ProiezionidiBorsa Research Department and which securities are worth paying attention to.
After the monthly minimum, Piazza Affari reacts decisively
The European stock exchanges today have crowded the market with a rebound that was not at all obvious. And instead, the prices continued in the trend they had achieved in the last hour of yesterday’s trading.
Yesterday, after a whole morning in decline, the European markets, between 14:00 and 15:00 marked the low of the day. Minimum that in some cases, as for the Ftse Mib index, was also the lowest value touched by prices in the last month. After reaching this low, prices have reversed the trend and in the last hour of trading have recovered a small part of the lost ground.
As the markets opened this morning, prices continued to recover and the positive opening of Wall Street reinforced the bullish movement.
Piazza Affari with the wind in its sails takes advantage of the rebound of Wall Street
At the end of the session, the Ftse Mib index (INDEX:FTESMIB), closed up 2% at 19,771 points. But all the European stock exchanges ended with rises between 1.5% and 2%.
Among the blue chips there was a rebound of Stm and Diasorin, heavily penalized in previous sessions. The stocks earned the former 6.8% and the latter 5.7%. Inwit also rose sharply, gaining 5.7%.
A significant rebound also for Snam, which closed with a rise of 4.3%. The action delivered a good session. Prices rebounded on the support in the 4.26 euro area and closed at 4.49 euro, one step away from the resistance at 4.50 euro. Overcoming this obstacle, in the next session, will allow prices to rise up to 4.56 and then up to 4.60 euros. On the downside, a return of prices below € 4.40 will be considered penalizing.
Deepening
To know the multidays analysis and the point of view of the international markets of the ProiezionidiBorsa Study Office, click who.
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